helpmycreditreport.com

Unfortunately credit report errors and identity theft are no longer rare occurrences these days. While credit report problems are not uncommon, the average person is still unaware that they are protected against unfair credit reporting methods by the Federal Fair Credit Reporting Act (FCRA).

The Fair Credit Reporting Act (FCRA) For Consumer Credit Worthiness

The FCRA and the Fair Debt Collections Practices Act together form the basis of the American consumer credit system. Enforced by the Federal Trade Commission in 1970, the Fair Credit Report Act is federal law and grants consumers certain rights to protect them from unfair credit reporting methods.

[...]

Continue Reading

In the internet age, fraudulent credit transactions are becoming increasingly common. If fraudsters gain access to your personal information, they might try to obtain credit pretending to be you. This is known as identity fraud, which is a result of identity theft. While you must take every step possible to prevent frauds from gaining access to your sensitive personal information, a new method being recommended by several credit and finance experts and credit report agencies is – freezing your credit.

[...]

Continue Reading

Equifax, Experian and TransUnion are three main credit bureaus or credit reporting agencies that are working these days. These agencies or bureaus gather information about consumer credit and different landlords, lenders, utility companies and insurers use the information to decide about the approval of some loan as well as determine interest rates. While on the other hand, the same information are used by the consumers as they help them to manage their financial profile in a better way. Aside from getting credit information, these credit reporting agencies distribute the information to different institutions. These three credit bureaus separately and independently collect their information that’s why your credit scores may appear different in different report from these bureaus. Let’s talk about these credit bureaus.

Equifax

Equifax has been conducting this business for more than one hundred years. The headquarters of the company are in Georgia, Atlanta and it also has several offices in many other countries of the world. Equifax caters large as well as small businesses and provide assistance to individual consumers to get right credit reporting. However, one shouldn’t reckon that their every report is error free, but they provide good assistance to instantly correct your credit report.

[...]

Continue Reading

Many people reckon their credit report reports something like a mystery novel and find it quite difficult to understand. These people never know what’s going to come forward if they do not read their credit reports properly and related to each and everything. Don’t be tenacious; just reckon yourself powerful enough to grip each and every information on your credit report, keeping this fact in mind that it can affect your financial life a lot.

If you want to boost your credit score, you definitely need to make it sure that you are paying debts on time and they have been properly listed in your credit report. These different accounts are referred as trade lines and it is possible that some company may forget to report it to credit reporting agencies no matter how well you have been dealing with it and you must thoroughly check that good information making their way into your credit report canceling out bad information.

[...]

Continue Reading

It’s a well-known saying that people who know the art of managing their finance well, also know about managing a happier and tension-free life, as majority of people think that their welfare depends only on wealth after health.  when people want to know how well you can manage your finance, they definitely look for your credit report because it serves as your financial bio-data. Usually people get into debt when they take excess credits and can’t pay it back. You must keep this fact in mind that loans are approved for those who are in least need of it. So, if you want to get some loan, you definitely need to show you are reliable and can easily return these loans. A clear, clean credit report can be the guarantee not only to get some loan but also a lucrative job.

There are many who want to know how and what companies report to credit bureaus. If you also one of these seekers, mind it these credit bureaus are private firms that keep the record of your credit history. They are mortgage companies, banks, stores and some other creditors who provide information about you to credit reporting agencies.

[...]

Continue Reading

If you are quite serious about financial management and can well realize the importance of  it in your life, you definitely thoroughly read and check personal and financial information that exist on your TransUnion or other credit reporting agencies reports. How would you find that the given information is wrong or right if you can’t read your credit report properly? That’s why it is quite important to learn reading your Trans Union and other credit reports properly. The following steps would make it quite easier for you to read and understand TransUnion reports properly.

1. You must be familiar how various current accounts have been noted. Different terms like “Cur” or “OK” are marked on all those accounts which are current or paid on time.
2. You must note what technique they adopt to specify different kinds of accounts. Usually, “R” is used for revolving accounts, “M” for mortgages, “I” for installment loans and “C” for credit lines.
3. Try to know how different late payments have been given on the report. There are numbers which indicate how late you are for these payments. These numbers (like 30, 60, 90……) are represented in an orange box and they tell about number of days you are late for some particular accounts. [...]

Continue Reading

The number of people, who have to become the victim of ID theft or other credit related fraudulent, is ever on increase. It has been noted that most of people do not know what step they can take to avoid such wrong doings with their credit. These people do not even know how they can monitor their credit to detect ID theft. You must keep this fact in mind that Identity theft can brutally damage your financial affairs and it is quite essential to monitor your credit to ward off any such situation.

People who suspect that their ID information can be used in a wrong fraudulent way to get credit from some lender must put an alert on their credit report. The nice thing about such security alerts is that you can put them on for free. These alerts inform you whenever credit reporting agencies get some query to submit on your credit report, as your lenders contact you to confirm that it was really you who applied for credit. You can keep this security alert on your credit report for 90 days and if you want to keep it alert even after 90 days, you need to renew it.

[...]

Continue Reading

Majority of people is not certain whether they can get negative account of their credit reports or not. These people must keep this fact in mind that if they have right information, there is no reason that they can’t get negative account off their credit report. Different negative accounts and other negative information can become the part of your credit report, sometimes because of yours faults and sometimes for the mistakes that are committed by others. However, in both these cases, you have to become the victim and a great responsibility lies on your shoulder to check your credit thoroughly and take immediate action to get rid of these wrong or negative entries on your credit report.

If you have some negative account or other wrong entry on your credit report, it’s a fact that the laws which govern credit reports allow you to get rid of some wrong or negative information on your credit report. One of the most effective methods to make your credit score better is to get the negative account off your credit report by dispute and using some other method.

[...]

Continue Reading

Our country is full of such con-artists and thieves who always remain on their toes to make the most of even someone’s death. It’s a known fact that these thieves usually target those dead ones whom deaths are about to become a part of public record. Though some debt due to identity theft is not levied on the heirs, it becomes quite irritating to handle situation like this. You need to take some necessary steps to protect the identity of some deceased one and getting a copy of the dead one’s credit report is one of these steps.

If you are looking for getting a credit report of some deceased one online, you must keep this fact in mind that credit reporting agencies do not provide access to such credit reports without a validate will and this will is usually granted to the appointed executor of the deceased one.

[...]

Continue Reading

Such people are not in thousands but in millions who have some kind of negative comments or marks on their credit lifeline that is known as credit report. However, they are not people always whose financial wrong doings become the cause of such negative comments, sometimes it happens so that many people have to pay the price for those mistakes that are committed by somewhere else. Credit reporting agencies have such natural bent of nature that these mistakes can be mistakenly added in your credit report and that’s why it is the matter of utmost importance to check your credit thoroughly not once, not twice, but thrice as these mistakenly added negative comments can prove damaging for your financial well-being.

There are some people who have a lethargic attitude in this connection and do not like to make any effort in getting off these negative comments off their credit report, but whenever they need some loan for their business or personal requirements, they have to face a lot of difficulties because of their bad credit rating. If you find some negative comment or other wrong information in your credit report, the best thing is to take immediate action instead of lingering that issue on tomorrow or a day after tomorrow. Similarly, those who have already suffered a lot because of their bad credit score and now willing to do everything to repair that credit, they also need to take similar sort of steps in this connection.

[...]

Continue Reading